Introducing ParaState

Meet the foundation supporting the Oasis-Eth ParaTime

If you’re familiar with the Oasis Network, you’ll know that Oasis-Eth is one of our popular ParaTimes. It has full backwards compatibility with Ethereum, but with lower gas fees and higher throughput. Oasis-Eth is a great place to start building if you’re new to Oasis. You can learn more about the ParaTime and its capabilities here.

While one of its earliest contributors was SecondState, the ParaTime needs a dedicated foundation to help foster the growth of the Oasis-Eth ecosystem. We’re excited to announce that a new entity, ParaState has been formed to see to the day-to-day support of Oasis-Eth and deliver on an exciting product roadmap for the ParaTime. ParaState core devs are based in Taipei, with marketing and operating team members in America, Europe, India and Australia.

“We are excited to join the Oasis family and partner with them to bring top tier privacy features to our Ethereum compatible ecosystem.”

Marco Chen, Co-Founder of ParaState

We look forward to including ParaState in the Oasis Community and are eager to see them bring new improvements and features to the Oasis-Eth ParaTime including support for a ROSE gateway and an integration with the all new Oasis ParaTime SDK.

If you’d like to start building on the Oasis Network in the Oasis-Eth ParaTime, visit the website here. For questions or suggestions, you can find ParaState and Oasis team members in our community Slack channel here or on our Telegram channel.

About the Oasis Network

Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing open finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy.

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